Tag: Apollo Global Management
Air France-KLM to acquire stake in SAS Scandinavian Airlines
It's the surprise announcement of the week: Air France-KLM is about to take a 19.9% stake in SAS with a view to an industrial and commercial partnership. An announcement that naturally raises many questions about the outcome of this...
Why is Air France-KLM spinning off its Flying Blue loyalty program?
Air France-KLM is working with the Apollo Global Management fund to inject 1.5 billion euros into a new subsidiary to manage the Flying Blue program. This is a common occurrence in other countries, but it needs to be explained...
Air France-KLM : looking for partners and fresh cash
Air France is currently very active on the financial partnership scene. The reason for this is twofold: to forge new industrial partnerships and to reduce its debt, particularly with respect to the State, with the possibility of buying out...